Capri Holdings Appoints Mahesh Madhavan to Board of Directors
29 Março 2023 - 5:05PM
Business Wire
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury
group, today announced that Mr. Mahesh Madhavan will be appointed
to the Board of Directors effective March 30, 2023. Mr. Madhavan
will join the company’s Compensation and Talent Committee as well
as the Governance, Nominating and Corporate Social Responsibility
Committee. As of the date of Mr. Madhavan’s appointment, the Capri
Holdings Board will again be comprised of eight directors.
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Mr. Madhavan is the Chief Executive Officer of Bacardi Limited,
the largest privately held international spirits company in the
world, having worked at Bacardi for more than 25 years. Prior to
becoming Chief Executive Officer of Bacardi in 2017, Mr. Madhavan
held a number of leadership roles in different geographies,
including Regional President - Europe, Regional President - Africa,
Middle East, South & Southeast Asia, Managing Director - India,
South & Southeast Asia and Managing Director - Thailand and the
Philippines.
“Mahesh’s tremendous global experience leading and growing a
consumer goods company with an extensive portfolio of brands and
labels will bring a fresh perspective to our Board,” said John D.
Idol, Chairman and Chief Executive Officer. “The Board and I
believe that his operating expertise and deep understanding of
international markets will be instrumental as we continue to focus
on driving growth and delivering value for our shareholders. We
look forward to his contributions and are delighted to have him
join our Board.”
“It is an incredible privilege to join Capri Holdings Board of
Directors,” said Mr. Madhavan. “Capri Holdings is comprised of
three iconic brands, and I am proud to be a part of the group’s
continued success. I look forward to working with the Board to help
Capri continue to execute on their growth strategy globally.”
About Capri Holdings Limited
Capri Holdings is a global fashion luxury group consisting of
iconic, founder-led brands Versace, Jimmy Choo and Michael Kors.
Our commitment to glamorous style and craftsmanship is at the heart
of each of our luxury brands. We have built our reputation on
designing exceptional, innovative products that cover the full
spectrum of fashion luxury categories. Our strength lies in the
unique DNA and heritage of each of our brands, the diversity and
passion of our people and our dedication to the clients and
communities we serve. Capri Holdings is publicly listed on the New
York Stock Exchange under the ticker CPRI.
Forward-Looking Statements
This press release contains statements which are, or may be
deemed to be, “forward-looking statements.” Forward-looking
statements are prospective in nature and are not based on
historical facts, but rather on current expectations and
projections of the management of Capri Holdings Limited (the
“Company”) about future events and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. All statements other than statements of
historical facts included herein, may be forward-looking
statements. Without limitation, any statements preceded or followed
by or that include the words “plans”, “believes”, “expects”,
“intends”, “will”, “should”, “could”, “would”, “may”,
“anticipates”, “might” or similar words or phrases, are
forward-looking statements. These forward-looking statements are
not guarantees of future financial performance. Such
forward-looking statements involve known and unknown risks and
uncertainties that could significantly affect expected results and
are based on certain key assumptions, which could cause actual
results to differ materially from those projected or implied in any
forward-looking statements. These risks, uncertainties and other
factors are set forth in the Company’s filings with the U.S.
Securities and Exchange Commission (the "SEC"), including the
Company’s Annual Report on Form 10-K for the fiscal year ended
April 2, 2022 (File No. 001-35368). Any forward-looking statement
in this press release speaks only as of the date made and the
Company disclaims any obligation to update or revise any
forward-looking or other statements contained herein other than in
accordance with legal and regulatory obligations.
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version on businesswire.com: https://www.businesswire.com/news/home/20230329005869/en/
Investor Relations: Jennifer Davis +1 201 514 8234
Jennifer.Davis@CapriHoldings.com Media: Press@CapriHoldings.com
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